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Critical Theory in Critical TimesTransforming the Global Political and Economic Order$
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Penelope Deutscher and Cristina Lafont

Print publication date: 2017

Print ISBN-13: 9780231181518

Published to Columbia Scholarship Online: January 2019

DOI: 10.7312/columbia/9780231181518.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 20 September 2021

A Wide Concept of Economy

A Wide Concept of Economy

Economy as a Social Practice and the Critique of Capitalism

(p.160) 8 A Wide Concept of Economy
Critical Theory in Critical Times

Rahel Jaeggi

Columbia University Press

Prominent strands of contemporary critical theory treat the economic formation of capitalist societies as a black box. From this perspective it is not only impossible but also unnecessary to subject capitalism itself to critique. Instead, only its external relations to other social formations—such as democratic political institutions—become the subject of critique. In this chapter, Jaeggi develops a conception of capitalism as a form of life that allows us to open the black box. By bring into view the internal state and constitution of economic practices and institutions that shape our lives, this conception allows us to subject the economy itself to critique.

Keywords:   Critical theory, critique of capitalism, economism, forms of life, social practices, property

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